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November 01, 2012 at 10:17 AM EDT
Minyanville's T3 Morning Market Call: Market Looks to Rebound From First Monthly Loss Since May
US stock futures are slightly higher Thursday morning after encouraging employment data. ADP reported that the economy added 158 000 private sector jobs last month while new jobless claims fell 9 000 to 363 000. The market closed out October yesterday with its first monthly loss since May and traders will be looking to see if stocks can get a lift heading into the Holiday season. As today is the first day of a new month at 10 a.m. EDT we will get the ISM Manufacturing Survey results. Analysts expect the number to fall to 50.5% from 51.5% last ...
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